Microeconomia
Code
1102-116
Academic unit
null
Department
null
Credits
7,5
Teacher in charge
Maria do Carmo Seabra
Teaching language
English
Objectives
On completion of this course a student should be able to: A. Knowledge and Understanding: Know, understand and use the fundamental concepts of Economic Theory on Consumer and Producer Behaviour and Markets. What does it say? Use economic theory to organize facts, predict, interpret and evaluate real world economic issues. What is it good for? B. Subject-Specific Skills: Problem solving skills C. General Skills: Math and Graphic Analytical Skills Critical thinking
Prerequisites
Principles of Microeconomics
Subject matter
Consumer Behaviour; Consumer Demand and Welfare Measures Producer Behaviour Competitive Markets Non Competitive Markets Strategic Behaviour
Bibliography
Varian, Hal, 2010Intermediate Microeconomics, 8h edition, New York: W. W. Norton: Chaps. 2,3, 4, 5, 6, 8, 14, 15, 16, 18, 19, 20, 21, 22, 23, 24, 27, 28, 29. The last two chapters will only be included if time allows. Frank, Robert, 2010, Microeconomics and Behavior, 8th edition, New York, McGraw-Hill, International Edition. This text book is used especially for Production Theory and Markets, chaps 9-13
Teaching method
Classes: Two weekly 1h20 lectures on course topics based on illustrative examples One weekly 1h20 session with a TA dedicated to problem solving Instructor Office Hours: Individual questions on course topics and study guidance. TA Office Hours: Individual questions on problem solving and study guidance. Students should attend all lectures and practical sessions. The course will also involve a good deal of homework consisting mostly on readings and working on homework assignments and problem sets. On average, students should expect approximately 6/8 hours of work per week outside of the classroom. The course schedule and a detailed reading list is available on the web page. There are also regular homework assignments. Assignments are due at requested dates on course schedule. Students may work in a team (Max 4 elements) in assignments and should keep the same team for all the assignments.
Evaluation method
Course Requirements: Several pieces of information will be collected for grading purpose: - Six Homework assignments - 30% - These home works will be delivered, in original hand writing, by groups of up to four students. Each group (student) will have at least one HW evaluated and scored. The grade will be weighted by the % of HWs delivered on time. The delivery dates are posted on the course schedule. - Mid term exam ? 25% or 0% - This mid term is compulsory, it will be closed book and no calculators are allowed. This grade will only be used if it increases the final score. - Final Exam - 45% or 70% - (min grade ? 8,5). The final exam will cover the whole course, and will be closed book. No calculators are allowed Teamwork and homework collaboration is encouraged. Plagiarism: Strict academic honesty is expected at every stage of the grading process. Accordingly, equal assignments will be graded zero.